[Shredd] I was chatting with my wife about the dinar like we often do...

[Shredd] I was taking the approach of how much distance the dinar will travel

[Shredd] regarding the rate from 1166 to a fair market-driven rate and over a 4-5 year window and when you look at it that way, it's pretty exciting to consider how quickly the dinar can appreciate in the coming months

[Shredd] I mean, the CBI stated this process will be "gradual" but we don't know if that will be via a managed float (which makes sense to me) or via a market-driven free float

[tlm724] Shredd there is certainly a great possibility for rapid growth because within hours of the Baghdad / Kurdistan agreement the ISX stocks increased substantially !

[Shredd] amen sista!!!! such a huge development miss timmy

[tlm724] incredible look at what is right around the corner for the dinar Shredders

[Shredd] just on the economic stimulus side, its huge

[Shredd] I feel in the coming months we will see what that first step in rate change will be

and that first step will tell us the method then, the second rate adjustment will indicate the pace

[Shredd] of course there are fluctuations but you see my point.....we will learn so much once the process of improving the rate STARTS

[Shredd] and baby, once that happens, demand will explode

[tlm724] demand is the key !

[Shredd] yes indeed

[Shredd] we'll all be able to decide when and how we will want to exchange our dinar,pretty exciting

[shunshine] very exciting,things are moving very fast jmo

[Shredd] yes, Abadi is doing great

[tlm724] sure is ! As I stated yesterday we are watching Iraq being re-born and our list is very short ! Very few things left to set the stage for an increase !

[tlm724] The amended banking laws are ready to be presented

[cat] tlm724 check mark

[Shredd] agreed...the news on the banking laws alone is amazing

[tlm724] cat yes sir !

[tlm724] protect that wealth and move forward , keep on track with the IMF requirements and we should be good to go

[tlm724] it's all coming together

[soon] keep it moving

[Shredd] yup and remember when we did that extensive chat on the draft banking and investment laws?

[tlm724] yep sure do

[Shredd] I sure do..... these laws are all about investor protection, client and account transparency

[tlm724] and confidence !

[Shredd] global banking compliance

[Shredd] yes, confidence comes with protection especially when you have "Iraq" anywhere on it

[Shredd] these laws being passed will remove road blocks to investment. The largely stale status of investment hasn't been all about investor fears

[Shredd] it has been due to waiting for assurances of protection, compliance and transparency, the interest has been there

[tlm724] oh no doubt, big guns watching their every move

[Shredd] so we can't under-emphasize the weight these laws carry

[tlm724] as soon as the gavel falls we will watch a sand storm of money, a wall, flow into Iraq just like what happened at the ISX the other day only on a much larger scale